Sinda (NYSE:SIND) Releases Quarterly Earnings Results, Hits Estimates

Sinda (NYSE:SIND) announced its quarterly earnings results on Monday. The company reported ($0.10) EPS for the quarter, meeting analysts’ consensus estimates of ($0.10), Zacks reports.

Sinda Trading Up 5.0%

Shares of Sinda stock traded up $0.57 during trading on Wednesday, reaching $12.01. The company’s stock had a trading volume of 7,404 shares, compared to its average volume of 127,075. Sinda has a 52-week low of $10.03 and a 52-week high of $18.95. The company has a market cap of $1.91 billion and a P/E ratio of -92.46. The firm has a 50-day simple moving average of $13.90.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SIND shares. Canaccord Genuity Group started coverage on Sinda in a report on Tuesday, August 18th. They set a “speculative buy” rating and a $19.00 price objective on the stock. Wall Street Zen cut shares of Sinda from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. UBS Group set a $19.00 target price on shares of Sinda in a report on Tuesday, July 21st. BMO Capital Markets raised their price target on shares of Sinda from $16.00 to $19.00 and gave the company an “outperform” rating in a report on Monday, August 17th. Finally, Zacks Research raised shares of Sinda to a “hold” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.83.

About Sinda

We hold title to, or have exploration and exploitation rights on, five contiguous mining concessions covering a large-scale, high-grade, silver-gold greenfield discovery located in the historic Guanajuato epithermal silver belt of Mexico (the “Sinda Property” or the “Project”). The Sinda Property is a large primary silver asset that we believe has the potential to be a globally significant mining operation. The Sinda Property is located approximately 22 miles (35 kilometers) from the colonial city of San Miguel de Allende in the Mexican state of Guanajuato, approximately 180 miles (290 kilometers) northwest of Mexico City and 28 miles (45 kilometers) southeast of the Guanajuato Mining District, in close proximity to several of the world’s largest and historically most productive silver deposits and mines.